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It's much more boring than that: generational wealth. If you're lucky enough to have parents and ancestors that put their money to work compounding over a long
by thunky 4y ago
It's much more boring than that: generational wealth.
If you're lucky enough to have parents and ancestors that put their money to work compounding over a long time period, it would be growing more each year than the rest of us can hope to earn in our lifetimes. No evil plan needed. Just time.
- est31 4y agoA large percentage of millionaires are first generation. Also, even if they manage to get rich, often the wealth is gone again by 1-2 generations. But yes, families where wealth has been exant and growing for hundreds of years do exist. https://finance.yahoo.com/news/5-huge-lies-generational-wealth-181719865.html https://finance.yahoo.com/news/5-huge-lies-generational-weal...